The National Employment Savings Trust will allow employers to make scheme contributions using a debit card, a payment method most other providers shy away from.
Contributions can be made using a debit card or direct credit through NEST's new online system for employers, although the provider expects the majority of employers will use direct debit. NEST said...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.